Income Statement – Explanation and Examples

The income statement is a very important financial document. Getting familiar with its contents is a must-have skill for every entrepreneur.

Income statement is the other very important term in accounting (for more information about the first important term – the balance sheet, you can refer to this articleBalance Sheet – Explanation and Examples). It is a financial document that reports how well a company does over a specific period. Most importantly, it contains information about the income and the expenses of the company. And it also shows how much of the income has come from operations and how much from other activities.

In this article I am going to describe what is an income statement. Then, I will cover its parts. And last but not least, I will give specific and easy to understand example.

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Subconscious Mind – How to Unlock and Use Its Power

The subconscious mind is the powerful secondary system that runs everything in your life. Learning how to stimulate the communication between the conscious and the subconscious minds is a powerful tool on the way to success, happiness and riches.

The subconscious mind is a data-bank for everything, which is not in your conscious mind. It stores your beliefs, your previous experience, your memories, your skills. Everything that you have seen, done or thought is also there.

It is also your guidance system. It constantly monitors the information coming from the senses for dangers and opportunities. And it would communicate that information to the conscious mind, which you want it to communicate (more on that tricky topic – later).

The communication between the subconscious and the conscious mind is bidirectional. Every time when you have an idea, or an emotion, a memory or an image from the past, this is the subconscious mind communicating to your conscious mind. The communication in the other way is not so trivial and is achieved using the principle of auto-suggestion.

This article will introduce the powers of the subconscious mind and how they can be used on the way to success. You will learn how to communicate better with your subconscious and how to set it on the track you want it to follow.

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Better Self – 10 Ways to Increase Your Charisma

Charisma is the intangible skill to draw others to your cause, to own a room or an audience. This article lists 10 tips for increasing your charisma.

Do you happen to know a man or a woman that own the room wherever they walk in? That immediately draw the attention of the others to themselves? Or that could easily get others in the room (yourself included) to support their cause or views? Such people are perceived as likable, powerful, irresistible and dynamic and this usually opens all doors in their path. You cannot usually explain why you like those people, but you do like them. This talent is known as “charisma“.

Some people are born charismatic and they should not do anything else to get what they want. But according to the studies, charisma is trainable. Increasing your personal charisma (especially in the workplace) is just a matter of decoding and mastering the communication strategies that are used by a “genuine” charismatic person. You can break that skill down to behaviors that can be learned, practiced and made natural.

This article aims at decomposing the set of skills that make the charismatic people who they are. And it gives you a list of 10 easy to practice and adopt tips in order to make you more charismatic. You do not require any knowledge prior to reading them. And even if you just read them (and never go back to them again), they will remain in the back of your mind, waiting to be pulled when needed.

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Taxes – The Big Secret of the Rich

One of the big secrets of the rich is corporations. In this article we show the difference between employees and business owners when it comes to taxes.

Taxes are payments from the citizens of a country to the government. Those payments fund government projects and other expenses that serve the public interest. By definition the taxes are legislated and unavoidable. Failure to pay is punishable by law.

The purpose of this article is to give general definition of taxes and the different types of taxes from economic and investment point of view. It also illustrates the difference between employees and corporations when it comes to taxes. And last but not least, it tries to argue why being a business owner of a corporation is better than being an employee, from taxation point of view.

There are more and more people that quit their daytime job in order to work as self-employed, business owners or investors. There are many reasons for such a big step and one of them is the truth about those payments to the government. Our goal in this article is to help you open your eyes and see the huge potential and opportunities of owning a business or working as a self-employed.

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Task Management – 9 Tips to Improve Your Productivity

Most Important Task is a critical task that benefits your goals the most. Learn how to use that task management method to improve your performance.

Do you feel that your life has become an endless to-do list with tasks? And it gets longer and longer no matter how much time you spend working on those tasks? Are your tasks like the Hydra from Hercules – once you finish one, three new ones come in its place? Do you spend most of your day getting one urgent task done after the other? If yes, then you badly need better task management skills.

Task management means managing a task through its life cycle – planning, testing, tracking and reporting. It helps individuals to achieve their goals and groups to collaborate and accomplish collective goals. Tasks have different complexity (from low to high), different priority (from low to high) and different urgency (from low to high).

Most Important Tasks (MIT) is a method for task management of selecting the most important tasks for the day and making sure that they get done. This way you can concentrate on the tasks which would bring the most value to you.

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